It has been quite a week in the cryptocurrency world, especially as we approach Bitcoin's third halving (on May 12). The world is still unstable due to the current crisis because of the virus, as a result people tend to trust more and more cryptocurrencies. During this article we will talk about Bitcoin, projects, different ideas and a major advance in terms of adoption of the cryptocurrency throughout the world. Let's dive into it !

1. Let's begin with Bitcoin's bull rush on Wednesday :

Indeed I think you have noticed it but on April 30th Bitcoin price peaked and reached $9400, it is a major event considering the price dropped to over $4500 only more than a month ago. Bitcoin has been sailing between $6500 and $7500 during April, but April 30 changed everything especially because the halving is getting closer and closer, we haven't seen a run like that since January 2018. A day to remember, for example Binance stated that the platform traded about $10 billion on April 30, another platform : Coinbase, crashed completely for a moment due to the major traffic. 

That run might be a good sign in prevention of the upcoming halving on May 12, Bitcoin managed to broke some resistances with this rush, as we speaking Bitcoin's price is $8920, I think we can be pretty optimistic for the days to come. 

2. We continue the problem with Telegram's cryptocurrency project (TON) :

I've talked about it in this article if you want more details, but to sum up the project has been postponed by the Security & Exchange Commission (SEC). On April 30 Telegram were supposed to officially launch their blockchain platform called TON related to cryptocurrency, including their cryptocurrency named Gram, but the SEC decided to apply sanctions to the project and postponed the official launch on April 2021. 

The main issue of the project is Gram, the SEC determined that this cryptocurrency is problematic especially because of the fund-raiser in order to develop Gram (around $1.7 billion). Telegram stated some conditions concerning the money of investors in order to avoid their departure, despite this decision Telegram decided to continue to develop the project and to reposition, they are sure it will be launched in 2021. 

3. Argentina and Venezuela about to use cryptocurrency as a solution to their current economic issues :

The virus changed everything recently especially on the economic side, countries are going to struggle more than others to recover from the actual events and for those countries cryptocurrency appears to be a solution to the problem. Last year Venezuela's government created their own cryptocurrency named Petro guaranteed by petrol, Columbia also tried what we call crypto-dollar (a substitute of USD linked to BTC) in order to counter the hyperinflation.

In Argentina, a report from this week revealed the economic situation is really critical, so the cryptocurrencies might be a good solution to compensate for the financial hole. The Central Bank of Argentina also decided to start the development of a blockchain based concept, they are talking about a solution of a decentralized system based on intelligent contracts technology. It will be in partnership with TheBlockchain Group and will be able to track the exchanges, the interest in cryptocurrency is growing in South America and could be a good thing for the future.

4. Let's finish with a interesting and fun idea from StandApp : earn BTC while walking :

You heard right, the StandApp enterprise stated that earning Bitcoin while you walk, run, ride a bike or do exercises will soon be possible. They called it Smiles and it is supposed to be released on May 12 (Bitcoin's halving day), and a user will be rewarded in Satoshis (BTC fractions) when he's doing some exercises. 

The Smiles App will use the Lightning network, a Bitcoin's secondary layer which allow some micro-transactions, this App aimed to democratize Bitcoin and favor Bitcoin's adoption. The App won't use your real identity and will be confidential, I wanted to share it with you because every day we walk or do exercises or both, I think it is an interesting idea to use our physical activity to earn some crypto even if with quarantine now it’s not the ideal moment.